High-profile former DWS fund manager Graham Ashby has joined Sarasin Chiswell to run global and UK equity income funds. Ashby left DWS, where he ran the firm’s UK equity inc-ome and UK equity income plus funds, last October after it was bought out by Aberdeen Asset Management. Sarasin Chiswell is lining up a global income […]
Peers working on the Compensation Bill are to meet Treasury Economic Secretary Ivan Lewis in a bid to persuade him that the FSA is the best body to regulate claim management firms rather than the Claims Standards Council, the Law Society or a new body. Tory peer Lord Hunt of Wirral says the amendments he […]
Cofunds is offering an onshore bond and is lining up a pers-onal pension wrapper which is set to go live at A-Day. The portfolio bond, set up in conjunction with major shareholder Legal & General, will offer IFAs and their clients a choice of around 200 funds from 40 providers. The bond is a single-premium […]
The Government is planning to combine its five consumer bodies into one in a bid to improve consumer protection. The Financial Services Consumer Panel, National Consumer Council, Energywatch, Postwatch and Ofcom Consumer Panel will be called Consumer Direct and is currently being rolled out across the country.
CYBG has completed its takeover of Virgin Money bank in a deal worth £1.7bn today. The parent company of Yorkshire Bank and Clydesdale Bank says the deal will lead to the UK’s “first true national banking competitor to the status quo.” The combined company has over six million customers with around £70bn of customer loans, […]
Protection Review chief executive Kevin Carr looks at recent market events Moving forward on mental health Some say perception is reality and, in a world driven by social media and sensitivity, the way people see things is their truth, regardless of whether their conclusions are accurate or feasible. This is not a bad way to […]
The FCA is proposing new measures to force financial services firms to disclosure how they disclose climate change risk as it zones on in the investments pension funds make. The regulator has released a discussion paper today looking atthe effects that climate change and switching to a low carbon economy will have on the UK’s […]